I signed up to Monzo little over two weeks ago now after seeing an advert on the T.V which caught my eye due to the way Monzo seems to work, it appears to fit into the way I currently manage my money using YNAB but I have yet to put any of my actual money into my Monzo account, I feel a bit hesitant, YNAB is my safety blanket if you will, a layer on top of my bank account I know exactly how much is in each category and can register transactions easily and see how much I have on hand in each category to spend this does seem possible with pots? But I do wonder how Monzo would know that I have spent £10 on Groceries when the transaction shows up in the app do you have to assign it to that pot?
When you first signed up to Monzo did you put a little bit of money into the account to begin with just to get used to how things work? I was thinking of adding my grocery budget to Monzo this month because I could add the amount to the grocery budget and see how that works. I am worried in case something goes wrong I guess. Long story short, before I started using YNAB my money situation wasn’t great, YNAB kinda saved me but I really want to give Monzo a shot if any of this even makes sense.
I am sure this has been asked before but even after reading other stories from people it is still sometimes nice to ask the question yourself with your use case so sorry if I am going over old ground.